FNZ, the worldwide wealth administration platform, at the moment introduced that it has agreed to amass DIAMOS AG, the specialised wealthtech supplier for the asset and wealth administration business, to additional improve its world wealth administration platform.
The acquisition will strengthen FNZ’s world shopper proposition including superior product and repair options to its current end-to-end wealth administration platform.
DIAMOS is primarily energetic within the markets of Germany, Austria, Switzerland, Liechtenstein, and Luxembourg. With a crew of seasoned specialists, DIAMOS will present FNZ with superior know-how experience in fund administration and different investments, together with excellent area experience and deep information throughout your entire wealth administration worth chain. With greater than 100 workers and a robust improvement crew, DIAMOS has efficiently developed revolutionary options for the wealth administration business for over 30 years.
The acquisition of DIAMOS, topic to approvals, represents an additional funding by FNZ into Europe. FNZ will make use of greater than 1,000 folks throughout the DACH area and over 5,000 globally upon completion. FNZ is remodeling the business panorama with its full service, end-to-end wealth platform. Combining cutting-edge know-how, infrastructure, and funding operations right into a single state-of- the-art platform, FNZ permits wealth managers to quickly ship customized companies and revolutionary wealth merchandise which might be seamlessly aligned with the wants of their shoppers. In the present day, FNZ administers greater than US$1.5 trillion in shopper belongings on its platform for over 20 million buyers worldwide and has created important scale efficiencies which might be immediately handed on to its prospects.
Adrian Durham, Group CEO of FNZ, stated: “We’re excited to be making one other important funding within the German wealth administration sector and are delighted to associate with the DIAMOS crew, given their profitable file and deep information of the market. The acquisition of DIAMOS displays our continued concentrate on enhancing our shopper proposition, whereas bringing our revolutionary method and funding to DIAMOS’ robust shopper base. We sit up for welcoming our new colleagues and dealing collectively to open up wealth, serving to everybody to put money into their future, on their phrases.”
Wilhelm Velten, Proprietor & CEO, DIAMOS, added: “We’re thrilled to be becoming a member of FNZ as we proceed to remodel the business. In partnership, we’ll now speed up the expansion trajectory that DIAMOS has achieved by leveraging the power and world experience of the FNZ crew. DIAMOS’ shoppers will profit from FNZ’s world scale and funding. Our workers can be important to delivering on this ambition, which presents much more thrilling long-term profession alternatives sooner or later.” FNZ companions with over 650 giant monetary establishments and over 8,000 wealth administration companies in 21 international locations together with abrdn, Allianz, Aviva, Barclays, BNP Paribas, Generali, and Lloyds.